News with the tag "Prometheum"

Prometheum, a firm that has garnered attention for its first-of-its-kind license to operate in crypto-based securities, finds itself at a crossroads. The firm has positioned itself within the regulatory framework established by the US Securities and Exchange Commission (SEC) under its chair, which h...

U.S.-based crypto firm Prometheum had earlier leveraged the U.S. SEC Chair Gary Gensler’s tightened stance on cryptocurrencies. However, with Donald Trump’s reelection as the 47th president and Gensler announcing his step down, recent sentiments surrounding the firm’s future took a paradigm shift. W...

American Republicans are probing the US SEC over Prometheum and the general classification of Ethereum in the market The post Republicans Probe SEC Over Prometheum and Ethereum Classification appeared first on TheCoinrise.com .

Prometheum has managed to piss off just about everyone in the crypto community. It’s not the fact that they exist—it’s how they’re playing the game. While most crypto companies are struggling to keep their heads above water amidst tightening regulations, Prometheum seems to be getting cozy with regu...

Prometheum is expanding its custody operation beyond Ethereum's ETH, and that means it would be holding UNI and ARB as securities.

Prometheum is the only SEC-registered crypto custody provider and already treats ETH as a security.

Digital assets firm Prometheum has revealed its plan to offer Uniswap (UNI) and Arbitrum (ARB) custody for US clients alongside Ethereum. Notably, the firm has previously launched Ether custody as a security offering earlier this year. Notably, the UNI price surged about 4% following the announcemen...

Prometheum is forging ahead with its strategy to comply with the U.S. Securities and Exchange Commission's view on cryptocurrency transactions by letting two more tokens into its custody operation for crypto securities, whether the rest of the industry agrees or not.

The approval of the Prometheum ETH custody service as a security, despite its disputed classification, has added fuel to the controversy. The post Prometheum ETH Custody: Congress Seeks SEC-FINRA Records appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

Prometheum’s willingness to play along with the SEC’s ambitions for crypto regulation has stirred disapproval in many quarters.